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WMA calls on the FCA to reconsider FSCS levy burden

by Elsa Buchanan on Apr 15, 2014 at 14:50

WMA chief executive Dr Tim May (pictured) added he 'absolutely agreed with the principle that the investment community funds a compensation scheme to protect investors from industry failures, but in order to maintain the support of that community, it has to be fair.'

'It is time that product providers and promoters take on their share of this funding burden. We now call on the FCA to investigate this problem urgently.'

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